Elon Musk, CEO of X, is reportedly exploring a significant financial contribution to the right-wing party Reform UK, led by Nigel Farage. During a recent meeting in Florida, discussions about potential funding were held, with rumors suggesting a donation nearing €100 million.
Farage, a key figure in Brexit, indicated that Musk's support could enhance the party's political presence, following its performance in the July elections where it secured 4 million votes and five parliamentary seats.
Musk has openly criticized the UK Labour Government and has expressed support for Farage, suggesting a desire to influence British politics further. Farage noted that Musk views the Labour and Conservative parties similarly, indicating a preference for Reform UK.
To proceed with the donation, Musk may need to obtain British citizenship or channel funds through X's UK branch to comply with foreign interference laws.
As a significant political donor in the U.S., Musk has previously contributed over $270 million to support Donald Trump's presidential campaign. Trump has appointed Musk to lead a commission aimed at improving government efficiency.